Trump signs executive order on college sports, White House says
UNITED STATES, JUL 25 – The executive order bans third-party pay-for-play deals and mandates revenue sharing to protect women’s and non-revenue collegiate sports amid rising NIL payments, affecting over 500,000 athletes.
- On Thursday, President Donald Trump signed an executive order prohibiting third-party pay-for-play payments to college athletes, while it seeks to curb `bidding wars` that have roiled college sports.
- Facing state-by-state laws, the NCAA cleared the way for NIL deals in July 2021, as recent court rulings dismantled transfer rules and 30 states created competitive imbalances.
- With schools able to pay up to $20.5 million over the next year, player recruitment through the transfer portal has become a multi-million-dollar market.
- Many sports law experts cautioned it's unlikely to move the needle and may spawn new legal battles, while Alabama athletics director Greg Byrne called `long-term, sustainable model of intercollegiate athletics`.
- The order instructs the Attorney General and FTC to stabilize college athletics within 60 days, while building on the bipartisan SCORE Act to expand student-athlete resources.
63 Articles
63 Articles
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